News linked to both this project and an event.
Odaily News: According to Onchain Lens monitoring, a newly created wallet has withdrawn 468.3 BTC from BitMEX, valued at approximately $29.88 million. This marks the first single withdrawal exceeding $10 million since BitMEX announced its closure.
According to Cointelegraph, ARK Invest researcher Lorenzo Valente noted in a post on July 30 that the cryptocurrency industry is entering the largest consolidation phase in history. As investors become increasingly strict in screening projects, revenue is accelerating towards concentration among a few top protocols—Hyperliquid and Pump.fun collectively account for approximately 67% of the industry's application revenue, and with Ethena included, the combined share of the top three approaches 80%. Valente expects this trend to accelerate in the coming months, triggering more M&A, bankruptcies, and project closures. Meanwhile, BitMEX and BitMart recently announced the shutdown of trading services in succession, further confirming the consolidation trend. Valente believes that this round of consolidation is "extremely beneficial" for the long-term development of the crypto industry.
according to Onchain Lens monitoring, BitMEX founder Arthur Hayes (0x6cd...7e21) has received 5 million USDC from Galaxy Digital OTC Desk.
crypto exchange BitMart announced it will gradually wind down its trading platform business after nine years of operation. The platform halted new user registrations, deposits, and order placements at 01:30 UTC on July 26. All spot and derivatives trading will cease on August 26, and the platform is scheduled to officially shut down on January 31, 2027. BitMart stated that withdrawals will remain open, but checks related to identity, devices, sanctions, and funding sources may slow processing speeds. The company attributed the closure to its operational status, market conditions, and future strategic direction. Its native token, BMX, has fallen 81% over the past week to $0.057, bringing its market cap down to $19.6 million. BitMart previously suffered a loss of $196 million in December 2021 due to a hot wallet vulnerability, and covered the customer losses. Perpetual contract platform BitMEX also recently announced it will shut down after 11 years of operation, making BitMart the second major crypto exchange to announce a closure within a week.
According to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), BitMEX founder Arthur Hayes received 644.723 ETH from FalconX 8 hours ago, valued at approximately $1.2 million. The amount is consistent with the USDC transferred 3 days ago, highly likely to be a buy operation. Since July 15, Arthur Hayes has cumulatively purchased 3914.84 ETH through multiple market makers and trading platforms, with an average buy price of $1908.86, currently facing an unrealized loss of approximately $113,000.
CZ expressed regret over BitMEX's closure announcement, recalling that BitMEX pioneered the 100x leveraged perpetual contract in the crypto market in 2014, driving industry development.CZ noted that BitMEX only supported BTC deposits and single-chain operations at the time, and adopted a once-daily, multi-signature wallet batch withdrawal process. These seemingly inconvenient designs, he said, actually helped the platform avoid hacker attacks over the long term.He also mentioned that BitMEX's four co-founders admitted to violating the Bank Secrecy Act (BSA) one month before their trial, each being fined $10 million and sentenced to home detention, with no prison time. However, CZ believes that BitMEX's business ultimately couldn't withstand the "War on Crypto" during the Biden administration.In conclusion, CZ stated that BitMEX is currently winding down in an orderly fashion, users can still withdraw assets, and he paid tribute to co-founder Arthur Hayes.
According to an official announcement, crypto exchange BitMEX will officially close at 12:00 (Beijing time) on September 23, 2026, and will stop new user registrations immediately. BitMEX stated that the board of directors of its parent company, HDR Global Trading Limited, decided to close the exchange after a strategic review.
BitMEX announced that it will officially close the exchange on September 23, 2026, at 04:00 (UTC), and has immediately halted new account registrations. The platform stated that users should close open positions and withdraw funds as soon as possible. Starting from August 26 at 04:00 (UTC), the platform will implement risk restrictions, prohibiting opening new positions and only allowing position reduction; before closure, the platform will also gradually forcibly liquidate existing positions. For users who have completed identity verification but have not withdrawn assets after the closure time, the platform will charge account fees at a rate of USD 50 equivalent per month or 1% annualized (whichever is higher).
an address (0xf7A4...07494) sharing the same Bybit deposit address as BitMEX co-founder Arthur Hayes withdrew another 47,000 HYPE, valued at $3.16 million, from Binance one hour ago. This address previously attracted attention due to suspected HYPE purchases. BitMEX co-founder Arthur Hayes clarified a week ago that he had not made any purchases.
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
ZachXBT posted a message questioning BitMEX co-founder Arthur Hayes about how much exit liquidity he created by utilizing his fans over the past few days.Within two weeks, Arthur Hayes publicly promoted and then liquidated four tokens: NEAR, HYPE, ZEC, and WLD. In response, Arthur Hayes stated that he sold to willing buyers at specific prices and noted that this time he successfully achieved his trading goals. (cryptopolitan)
Arthur Hayes, co-founder of BitMEX, stated on X that the SPCXUSD chart pattern is “abnormal” and that he has sold all his WLD.
Arthur Hayes (@CryptoHayes), co-founder of BitMEX and CIO of Maelstrom Fund, stated in a post that he has liquidated his entire $ZEC position following a vulnerability exploit targeting ZEC’s Orchard Pool. Hayes noted that although malicious minting is highly unlikely, it cannot be cryptographically proven impossible; privacy narratives demand “perfection,” not merely “probable security.” He added that if the underlying assumptions are later falsified, he does not rule out repurchasing $ZEC at a lower price. His team continues to hold a $WLD position and maintains a bullish stance.
Odaily News According to Onchain Lens monitoring, a wallet deposited 3,000 ETH (worth $6.93 million) to Bybit and Binance, of which 1,500 ETH (worth $3.46 million) were transferred to the Bybit deposit address of BitMEX co-founder Arthur Hayes.